Question

Illustration 2. Prepare the Accounting Equation on the basis of the following:
1. Started business with cash 70,000.
2. Credit purchases of goods 18,000.
3. Payment made to creditors in full settlement 17,500.
4. Purchase of machinery for cash 20,000.
(KVS 200
Solution:​

Answer 1

Answer:

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Explanation:

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